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Category: BUSINESS

Posted on 21/05/2020

Sharjah’s SNOC awards Mahani field contract to Lamprell

UAE-based energy services contractor Lamprell has secured an engineering, procurement, installation and commissioning contract (EPIC) from Sharjah National Oil Corporation (SNOC) for the Mahani gas …
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Posted on 21/05/2020

Abu Dhabi Wealth Fund Sees U-Shaped Global Rebound Next Year

The global economy is likely to recover from this year’s virus-driven recession with 5% growth in 2021, according to Abu Dhabi’s $220 billion wealth fund.The most likely outcome following the economic …
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Posted on 21/05/2020

Abu Dhabi’s Wealth Fund Sees U-Shaped Global Rebound Next Year

The global economy is likely to recover from this year’s virus-driven recession with 5% growth in 2021, according to Abu Dhabi’s $220 billion wealth fund.
( read original story …)


Posted on 20/05/2020

Sharjah Holding to deploy driverless car at Al Zahia community

Sharjah Holding, a strategic partnership between Majid Al Futtaim Properties and Sharjah Asset Management, has announced a collaboration between the Al Zahia community and the Ministry of Health and …
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Posted on 17/05/2020

Gavaskar credits Sharjah tournament for bonhomie between India, Pakistan teams

Gavaskar said that the Indian and Pakistan teams got along very well off the pitch although their encounters were always high on intensity.
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Posted on 16/05/2020

Exclsuive: Abu Dhabi in Talks With Dubai for Support Through State Fund Mubadala – Sources

Dubai has developed quickly to become the Middle East’s tourism, trade and business hub, while Abu Dhabi is the UAE’s political capital beca …
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Posted on 15/05/2020

Wirecard’s Dubai business partner enters liquidation

Wirecard’s most significant business partner of recent years, a Dubai business central to whistleblower allegations that the German payments group fraudulently inflated sales and profits, has …
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Posted on 15/05/2020

EXCLUSIVE-Abu Dhabi in talks with Dubai for support through state fund Mubadala – sources

The governments of Abu Dhabi and Dubai are discussing ways to prop up Dubai’s economy by linking up assets in the two emirates, with Abu Dhabi’s state fund Mubadala likely to play a key role in any …
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Posted on 15/05/2020

UAE students stir fashion market demand amid COVID-19

Two UAE students are taking advantage of the lockdown imposed to contain the coronavirus outbreak in order to grow their sustainable fashion line.
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Posted on 14/05/2020

Coronavirus: Pay Dh1,000 fine in Dubai if your mask doesn’t cover your nose, mouth

Either way, Dubai Police have confirmed that they are liable to pay a Dh1,000 fine. A Dubai Police official told Gulf News: “People should wear masks in the proper way when they go outside. Otherwise, …
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Posted on 14/05/2020

Porsches, popcorn and social distancing at Dubai drive-in cinema

Movie-goers in Dubai frustrated by the closure of cinemas during the coronavirus pandemic will soon be able to watch films from the comfort of their own car at a new drive-in cinema created on the …
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Posted on 14/05/2020

Coronavirus: Dh1,000 fine in Dubai applies if you don’t wear your mask properly

With malls, parks, beaches, restaurants and other public places reopening, the need for residents to wear masks is more pressing now than ever amid the coronavirus outbreak. Yet, not everyone who is …
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Posted on 14/05/2020

Dubai Airports Has Measures to Make Sure Everyone Safe: CEO

Paul Griffiths, chief executive officer at Dubai Airports, discusses resuming services at the airport and the measures they’re taking to ensure the safety of customers and to keep the business going.
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Posted on 14/05/2020

UAE stimulus to help SMEs, says Abdulla Al Saleh

Held under the theme ‘Impact of the UAE Stimulus Plan on Economic Stability and Growth’, the Sharjah Ramadan Economic Majlis, now in its sixth year, was held virtually on the zoom platform for the …
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Posted on 13/05/2020

Coronavirus: UAE banks lend $4.5 bln to industrial, business sectors in Q1 2020

UAE banks provided 16.5 billion dirhams ($4.49 billion) in loans to the country’s industrial and businesses sectors in the first three months of 2020, a period that includes the initial stages of the …
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Posted on 13/05/2020

Dubai reopens parks, hotel beaches in further easing of curbs

The United Arab Emirates business and tourism hub Dubai has allowed public parks to reopen and hotel guests to access private beaches, state media said, as the emirate gradually lifts restrictions …
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Posted on 13/05/2020

$4.5bln credit facilities to industrial, business sectors by UAE banks in three months

ABU DHABI – UAE banks provided AED16.5 billion in loans in Q1-2020 to the industrial and business sectors, bringing to circa AED818.8 .1 bn the total credit facilities obtained by the two sectors …
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